DGFT Notifications

Why export promotion policy favour defaulters & punish efficient exporters- Part 2

DGFT - In this second part, we deal with the legalities & the policy provisions regarding the clubbing & redemption. The latest policy provision made Vide Public Notice No. 32/2015-2020 dtd. 18.10.2017 reads as under:...

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Why export promotion policy favour defaulters & punish efficient exporters- Part I

DGFT - The law is not a rational code. The law is an ass & the bureaucracy is responsible for it. These are all well known but then even a beneficial Export Promotion Policy will be afflicted by it is very difficult to digest but then always trust the miraculous Indian bureaucracy for cracking a poor joke....

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Export Promotion: DGFT & CBEC- Why bureaucracy rejoices in failure of clean administration—Part 2

DGFT - In this 2nd part of the article, I bring to the kind notice of the readers that how the DGFT builds in the loopholes in the system to facilitate the unscrupulous exporters. Take the example of an Advance Authorization (AA). ...

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Export Promotion: DGFT & CBEC- Why bureaucracy rejoices in failure of clean administration- Part 1

DGFT - The DGFT started with the computerization of the DGFT network in 1995 but even after a lapse of 20 years till date they have not been able to achieve the same. The reason is simple because no bureaucrat ever wants the power to slip from their hands or the opportunity to harass the exporters....

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Summary of Foreign Trade Policy Statement 2017- Mid-Term Review

DGFT - The Foreign Trade Policy Statement explains the vision, goals and objectives underpinning the Foreign Trade Policy for the period 2015-2020, as updated through the mid-term review completed in December 2017. Keeping in the backdrop the global trade developments, it describes the market and product strategy, and the other measures required...

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DGFT has to Evolve from a Regulator to Facilitator – Suresh Prabhu

DGFT - A two-day meeting of port officers organized by the Directorate General of Foreign Trade (DGFT), of the Department of Commerce, ended today in New Delhi. The Union Minister of Commerce & Industry and Civil Aviation, Shri Suresh Prabhu, addressed the regional officers from different parts of the country and urged them to reorient their th...

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Govt increases MEIS Rate by 2% for labour intensive MSME sectors

DGFT - While restoring the benefits under the export promotion schemes of duty free imports under Advanced Authorization, Export Promotion Capital Goods and 100% Export Oriented Units and thus resolving the problem of blocked working capital for exporters following the roll out of GST, the FTP review has focused on increasing the incentives for ...

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Highlights of Foreign Trade Policy 2015-2020- Mid Term Review (December 2017)

DGFT - GST RELATED REFORMS- GST has been launched w.e.f. 1.07.2017. It incorporates zero rating of exports. Taxes will not be exported. On the export of finished goods, there is an option of either obtaining refund of GST paid or getting exemption from payment of GST on submission of Letter of Undertaking/Bond....

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Foreign Trade Procedures 2015-20 (w.e.f. 05.12.2017)

DGFT - DGFT notifies Foreign Trade Procedures 2015-20 (w.e.f. 05.12.2017) which contains the following :- CHAPTER 1 INTRODUCTION & TRADE FACILITATION 1.01 Notification of Procedure In pursuance of the provisions of paragraph 1.03 of Foreign Trade Policy (FTP), the Director General of Foreign Trade (DGFT) hereby notifies the procedure to be f...

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DGFT creates GST Facilitation Cell for exporters

DGFT - DGFT has constituted a GST facilitation cell in DGFT Headquarters to assist and advice exporters , trade and industry for smooth transition from present regime to GST regime w.e.f. 1st July 2017....

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Review Petition admitted as assessments u/s. 158BC & 158BD were completed by same officer

Commissioner of Income-tax Vs Dr. T.M. Kuriachan (Kerala High Court) - If the claim of the Revenue that both the assessments were completed by the same officer one under s. 158BC and the other under s. 158BD is correct, then certainly the review has to be allowed as Manish Maheshwari's case (supra) has no application. We, therefore, allow the review petition by recalli...

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DGFT widens scope for issue of authorizations for repeat orders

Public Notice No. 20/2015-20 - (12/07/2018) - Paragraph 2.79 of the Handbook of Procedures (HBP) of the Foreign Trade Policy (FTP) 2015-20 has been amended to widen the scope for issue of authorizations for repeat orders of SCOMET items....

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DGFT enlisted UPEPC under Appendix 2E

Public Notice no. 21/2015-2020-DGFT - (12/07/2018) - Uttar Pradesh Export Promotion Council (UPEPC) is enlisted under Appendix 2E and the name of Federation A.P. Small Industries Association is change to Federation of Telangana Small (MSME) Industries Association for issuing Certificate of Origin (Non-Preferential)....

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DGFT prohibits Import of Oxytocin

Notification No. 19 /2015-2020 - (12/07/2018) - Notification No. 19/2015-2020- Central Government, hereby amends policy conditions of following Exim Codes as under:Import of Oxytocin, is Prohibited...

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Vishakhapatnam port added for import of new vehicles

Notification No. 18/2015-2020 - (12/07/2018) - Vishakhapatnam port is being added to the list of 15 esting ports/ICDs, thereby taking the total number of ports/ICDs to 16, for importing new vehicles....

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Acceptance of any copy of Shipping Bill in lieu of EP copy of Shipping Bill-Reg.

Policy Circular No. 09 - (09/07/2018) - It has been decided that exporter shall have option to furnish self-certified copy of any copy of shipping bill i.e. Exporter copy/EP Copy/CHA copy/ Exchange Control Copy of shipping bill along with application for EODC in ANF-4F where exports were made on or after 23.11.2016...

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DGFT widens scope for issue of authorizations for repeat orders

Public Notice No. 20/2015-20 (12/07/2018)

Paragraph 2.79 of the Handbook of Procedures (HBP) of the Foreign Trade Policy (FTP) 2015-20 has been amended to widen the scope for issue of authorizations for repeat orders of SCOMET items....

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DGFT enlisted UPEPC under Appendix 2E

Public Notice no. 21/2015-2020-DGFT (12/07/2018)

Uttar Pradesh Export Promotion Council (UPEPC) is enlisted under Appendix 2E and the name of Federation A.P. Small Industries Association is change to Federation of Telangana Small (MSME) Industries Association for issuing Certificate of Origin (Non-Preferential)....

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DGFT prohibits Import of Oxytocin

Notification No. 19 /2015-2020 (12/07/2018)

Notification No. 19/2015-2020- Central Government, hereby amends policy conditions of following Exim Codes as under:Import of Oxytocin, is Prohibited...

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Vishakhapatnam port added for import of new vehicles

Notification No. 18/2015-2020 (12/07/2018)

Vishakhapatnam port is being added to the list of 15 esting ports/ICDs, thereby taking the total number of ports/ICDs to 16, for importing new vehicles....

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Acceptance of any copy of Shipping Bill in lieu of EP copy of Shipping Bill-Reg.

Policy Circular No. 09 (09/07/2018)

It has been decided that exporter shall have option to furnish self-certified copy of any copy of shipping bill i.e. Exporter copy/EP Copy/CHA copy/ Exchange Control Copy of shipping bill along with application for EODC in ANF-4F where exports were made on or after 23.11.2016...

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Export authorisation / license by DGFT for export of SCOMET items

Trade Notice No. 20 /2018 (06/07/2018)

During an interaction of Director General of Foreign Trade with the major exporters of dual use SCOMET items on 30th May 2018, industry representatives requested that DGFT may consider the issue of SCOMET export authorisations from DGFT (Hqrs) itself to avoid delay in grant of export authorisations...

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Verify type of peas, while allowing clearance of imported consignment

Trade Notices No. 21/2018-19 (06/07/2018)

Consignments of peas (other than Yellow Peas) imported during the period 25.4.2018 to 15.5.2018 and awaiting clearance at Customs or consignments of peas (other than Yellow Peas) with Bill of Lading prior to 16.5.2018 are permitted freely....

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Relaxation in conditions for imports of Peas under Exim Code 0713 1000

Trade Notice No. 19/2018-19-DGFT (05/07/2018)

It has been decided to allow imports of Peas under Exim Code 0713 1000 against advance payments for that much quantity proportional to the part advance payment made before 25.04.2018....

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DGFT allows export of Category 1C chemicals under ‘stock and sale’ policy

Public Notice No. 19/2015-2020 (03/07/2018)

In exercise of the powers conferred under Paragraph 1.03 of the Foreign Trade Policy(FTP) 2015-20, the Director General of Foreign Trade (DGFT) hereby makes amendments in Paragraph 2.74 and Para 2.79A of the Handbook of Procedures(HBP) of FTP 2015-20, with immediate effect...

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Inclusion of additional agencies in Appendix 2G &; Aayat Niryat Forms of FTP,2015-20

Public Notice No. 18/2015-20-DGFT (03/07/2018)

One Pre-Shipment Inspection Agency is notified as PSIA in terms of Para 2.55(d) of HBP 2015-20 in Appendix 2G and instruments in respect of one existing Pre-Shipment Inspection Agency has been added....

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